Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Average Rating of “Hold” by Analysts

Ardagh Metal Packaging S.A. (NYSE:AMBP) has earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.9167.

AMBP has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft started coverage on Ardagh Metal Packaging in a research note on Thursday, August 20th. They issued a “hold” rating and a $5.20 price target on the stock. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, UBS Group lifted their price target on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Friday, July 24th.

Hedge Funds Weigh In On Ardagh Metal Packaging

Large investors have recently modified their holdings of the company. Arini Captial Management Ltd bought a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $46,109,000. Dimensional Fund Advisors LP grew its holdings in Ardagh Metal Packaging by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after buying an additional 801,019 shares in the last quarter. Weiss Asset Management LP raised its position in Ardagh Metal Packaging by 11,276.2% in the 1st quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock valued at $18,291,000 after buying an additional 4,476,638 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Ardagh Metal Packaging by 28.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,269,861 shares of the company’s stock valued at $13,243,000 after acquiring an additional 722,974 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Ardagh Metal Packaging by 31.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,894,210 shares of the company’s stock worth $11,722,000 after acquiring an additional 699,478 shares during the last quarter. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Performance

Shares of NYSE AMBP opened at $4.71 on Friday. The company’s 50 day moving average price is $4.94 and its 200-day moving average price is $4.46. Ardagh Metal Packaging has a 52-week low of $3.29 and a 52-week high of $5.47. The company has a market capitalization of $2.81 billion, a P/E ratio of 78.43, a price-to-earnings-growth ratio of 0.86 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Wednesday, July 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.57 billion. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. Ardagh Metal Packaging’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. Analysts forecast that Ardagh Metal Packaging will post 0.28 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 8.5%. Ardagh Metal Packaging’s dividend payout ratio is presently 666.67%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA (NYSE:AMBP) is a global supplier of sustainable, infinitely recyclable metal packaging. The company primarily manufactures beverage cans and ends for beer, soft drinks, energy drinks, sparkling water and other beverage products, serving branded consumer-goods companies, retailers and beverage producers.

The company operates production facilities across Europe, North America and Brazil. Its products are designed for a range of beverage formats and sizes, with a focus on lightweighting, recyclability and packaging solutions that support customers’ sustainability objectives.

Ardagh Metal Packaging was formed through the separation of Ardagh Group’s metal beverage packaging operations and became a publicly traded company in 2021 following a business combination with a special purpose acquisition company.